WEBNF Westpac Banking Corp Ltd (PK)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, DC 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

May 28, 2024

 

Commission File Number 1-10167

 

WESTPAC BANKING CORPORATION

(Translation of registrant’s name into English)

 

275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F.

 

Form 20-F    x           Form 40-F   ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

Index to Exhibits

 

Exhibit No.		Description
1		ASX Release – Fitch upgrades ratings for Westpac Banking Corporation

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	WESTPAC BANKING CORPORATION
	(Registrant)
Date: May 28, 2024	By:	/s/ Esther Choi
		Esther Choi
		Tier One Attorney

 

 

 

 

Exhibit 1

 

 

 

	Level 18, 275 Kent Street
	Sydney, NSW, 2000

 

 

27 May 2024

 

Fitch Ratings (Fitch) upgrades ratings for Westpac Banking Corporation (Westpac)

 

Today Fitch upgraded Westpac’s Long-Term Issuer Default Rating (IDR) by one notch to 'AA-'. The outlook is stable. Fitch also upgraded Westpac’s Short-Term IDR by one notch to 'F1+'.

 

The upgrade to Westpac’s Long-Term IDR reflects the build-up of buffers by the bank through existing capital instruments to meet APRA’s loss-absorbing capacity requirements.

 

There has been no change to Westpac’s Viability Rating of ‘a+’ or the Government Support Rating of ‘a’. There is also no change to the ratings assigned by Fitch to Westpac’s rated Tier 2 capital instruments.

 

For further information:

 

Hayden Cooper	Jacqueline Boddy
Group Head of Media Relations	Head of Debt Investor Relations
0402 393 619	0448 064 012

 

This document has been authorised for release by Tim Hartin, Company Secretary.

 

 

 

 

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